ExxonMobil Helps Carbon Capture Processes Gain Momentum

Published By : 06 May 2016 | Published By : QYRESEARCH

Carbon capture includes the process of trapping carbon dioxide released as waste from large sources, such as power plants and other industrial functions. The process takes the captured carbon dioxide and can either be utilized or stored. In the case of storage, the gas is condensed and injected deep into the ground for a long time. We have already been using carbon injection into geology for a long time now, but most of it was pertaining to improving the extraction of fossil fuels. Therefore, the concept of storing carbon underground is a relatively new concept. The aim of carbon capture is to not allow the carbon dioxide gas to be released into the environment. The consequences of high levels of carbon dioxide in the air are vastly known and documented, and carbon capture presents one of the ways to mitigate these ill effects.

ExxonMobil Steps into Carbon Capture
A key player in the oil and gas sector, ExxonMobil, has recently announced that it will venture into carbon capture in an attempt to make it more cost-effective and therefore figure out and economical way to fighting global warming. The company has entered into a new agreement with FuelCell Energy. The new agreement will help the companies create tech that can help them capture carbon dioxide from power plants with the use of fuel cells. The fuel cells will, on paper, generate additional electricity that is needed for the carbon capture process. This will reduce the overall cost of maintaining a carbon capture process.

Milestone in Carbon Capture and Storage
In another carbon capture project, more than 15,000 tons of carbon dioxide have successfully been injected into the ground. This holds an important landmark in the market for carbon capture devices as it shows the effectiveness of the technology in reducing large amounts of carbon from the air. The project was a four year trial held in western Victoria and took US$23 mn to be completed. The chief executive running the show, Tania Constable, said that fossil fuels are not going to leave production any time soon, and therefore something sustainable needs to be done to curtail the amount of carbon dioxide being released into the air.

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